Global In Vitro Diagnostics Market to Surpass US$ 115,781.5 Million by 2030 - Coherent Market Insights

SEATTLE, Aug. 17, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global In vitro diagnostics market is estimated to be valued at US$ 76,621.8 million in 2022 and is expected to exhibit a CAGR of 5.3% during the forecast period (2022-2030).

Key Trends and Analysis of the Global In vitro diagnostics Market:

Major players operating in the market are focusing on adopting growth strategies such as technological advancements and new product approvals, which is expected to drive the market growth over the forecast period.  For instance, in May 2021, ExtriCARE USA, a national medical device company specializing in negative pressure wound therapy (NPWT) distribution, introduced hybrid technology to the wound care market. Through hybrid technology (hNPWT), clinicians can tailor the application-based on the patients' distinct needs. ExtriCARE USA's hybrid model will allow clinicians to be more efficient by simplifying the NPWT process.

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Key Market Takeaways:

The global in vitro diagnostics market is expected to exhibit a CAGR of 5.3% during the forecast period owing to the increase in geriatric population around the world, which are highly susceptible to various diseases that lead to the formation of various types of wounds

Among product type, instruments segment is expected to hold a dominant position over the forecast period, owing to increasing focus on early diagnosis in developed as well as emerging countries bring to the increasing number of patients undergoing routine checkup

On the basis of technology, immunoassay is expected to hold a dominant position over the forecast period, owing to the tremendous advances in multiplex immunoassays (MIAs) are leading to novel in vitro diagnostics (IVD) and point-of-care tests (POCT).

Key players operating in the global In vitro diagnostics market include Siemens Healthineers, Sysmex Corporation, Bio-Rad Laboratories, bioMérieux S.A., Becton Dickinson, and Company, Danaher Corporation, Abbott Laboratories, F. Hoffmann-la Roche Ltd, QIAGEN N.V., Arkray, Inc., Nittobo Medical Co., Ltd., Medical & Biological Laboratories Co., Ltd., Miraca Holdings Inc., and Mizuho Medy Co., Ltd.

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Detailed Segmentation:

Global In-Vitro Diagnostics Market, By Product Type:

• Instruments
• Reagents & Kits
• Blocking Buffers    
• Proteins
• Secondary Antibodies
• Substrates
• Others

Global In-Vitro Diagnostics Market, By Technology:

• Immunoassay
• Clinical Chemistry
• Molecular Diagnostics
• Microbiology
• Hematology
• Coagulation & Hemostasis
• Urinalysis
• Others

Global In-Vitro Diagnostics Market, By Application:

• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Disorders
• Others

Global In-Vitro Diagnostics Market, By End User:

• Hospital
• Pathology Laboratories
• Point-of-Care Diagnostics
• Research Institutes
• Others

Global In-Vitro Diagnostics Market, By Region:

•  
• North America
• By Country:
• U.S.
• Canada
• Europe
• By Country:
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• By Country:
• GCC Countries
• Israel
• South Africa
• Rest of Middle East & Africa

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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